|
PROOF OF AUTHENTICATING POST
Spread sheet Number:
Campaigns : Article/Video Campaign
|
|
|
|
|
The first thing I will like to address is the thought that trading cryptocurrencies is a get rich quick scheme. That thought could not be more wrong due to the fact that you can loose all before you blink. Apart from looking at trading as a long term activity, you also need to have good starategies and risk management structures in place. By having good strategies, I don't mean you should follow signal channels and pump groups as these have the potential to throw your funds down the drain. My best advice for novice traders is to inculcate the culture of noting down their mistakes while limiting greed and emotions as these two characteristics have no place in the world of trading.
|
|
|
|
|
Seeing this post got me thinking. This really reinforces the reasoning behind financial institutions strongly kicking against blockchain technology and cryptocurrencies at large. The decentralized nature of the technology would not be able to feed their greed. You almost cannot expect better from centralized financial platforms as they simply portray the illusion that they truly care about their customers when all that concerns them is the size of their pockets. These type of institutions have grown to gain widespread popularity to the point where they believe people cannot do without. That is where the decentralized ecosystem comes in. But before the system is in full flow, we just have to make for with what we have.
|
|
|
|
|
In recent times, I have actually been able to read many articles which emphasize the benefits that regulation could bring to the crypto sphere. As attractive as that proposition sounds due to the sanity it will introduce into the crypto ecosystem, the thought of it has the potential to defeat the whole reasoning behind blockchain technology in general. The technology was built to be decentralized in every sense of the word and that leaves no space for regulation.
As much as I like the concept behind blockchain technology, I really hate to admit that a degree of regulation might be the only factor that truly brings about widespread adoption of cryptocurrencies.
|
|
|
|
|
#JOIN Signature campaign
Bitcointalk username: tbossmitche
Telegram link (via @): @Tbossmitche01
HCXP wallet address: hyrx2zBkm4VDbk461JfRFCKEoobJD5ihbgfHKm3QG8WcMeLxFmNGnD9irt8KagR71XGcbn2XowJfXjd oYwpp92Wx151Pn2fQq
|
|
|
|
|
I believe buying on the dip means buying when prices are down. I think as much as people really hate the bear market, it's a really important part of cryptocurrency trading. People don't understand that the bear market really sets us up for extensive profit making when the bull run arrives. When claiming to buy on the dip, one also needs to be careful because you never can tell when the market hits the bottom. I've seen people who actually bought Bitcoin at $10,000 thinking they were buying at the bottom. We can all see what has happened after that.
|
|
|
|
|
The similarities between Bitcoin and Ethereum ends in the fact that they are both blockchains. We all agree that Bitcoin set the trend for blockchain technology as it is the first fully functional, truly decentralized cryptocurrency. The good part about Ethereum is the fact that it is not purely a digital money platform. The Ethereum blockchain doesn't only allow you transfer funds (Ether), you can also execute smart contracts and launch dApps on the blockchain. I will like to say that, Ethereum took the concept of blockchain to a whole new level.
|
|
|
|
|
This is a fact we can't deny. I believe the numerous types of cryptocurrencies available in the cryptocurrency space is largely hurting the market. Personally, if I'm looking to participate in an ICO, I always look to sell some of the coins previously in my possession. I I didn't have to sell those coins, my holdings would have generated a fair share of scarcity required to keep the price of the coins stable. Another major reason is that the vast majority of altcoins are absolutely useless and are used for the sole reason of pumping and dumping.
|
|
|
|
|
I think you have a actually done justice to the reasons why ICOs fail. I look at some whitepaper and I absolutely cannot explain anything about the project as soon as I'm out of there. You won't expect sane investors to put their money into what they do not understand. Another factor for me is the absence of a unique usecase. There are several projects being spurned at the moment that just seem to have taken ideas from a previous ICO. Personally, I won't invest in a project like this due to the lack of originality and creativity on the part of the founders.
|
|
|
|
|
I absolutely do not believe that the total elimination of fiat is something we should be scared of. For all the advantages of cryptocurrencies, we cannot deny the fact that fiat still trumps it in many ways. Take for example in the rural areas where computers or mobile phones are not available, wouldn't they still stick to fiat?. I am of the opinion that the best we could hope for is that these two currencies work hand in hand. Till the end of time, we'll always need a means of exchange which can be handed over from one person to another physically.
|
|
|
|
|
Your post was talking about 2018 and we are past that now. However, I feel the need to add something to this thread. The truth about the cryptocurrency space is that analysts and traders alike can only predict what they feel will happen. Nothing is for sure when it comes to trading and cryptocurrency in particular. The degree of volatility prevalent in the crypto space has the possibility of taking us to zero value at some point, which I don't believe will happen though. My point is just that we should quit predicting unnecessarily as this could lead novice traders into a ditch
|
|
|
|
|
I cannot deny the fact that I do not enjoy seeing posts like this simply because they are intended to reduce public interest in cryptocurrencies while limiting widespread adoption. I can say with all certainty that the amount of cryptocurrency stolen in this way will never measure up to that stolen in fiat currency. There are hackers and scammers everywhere and anywhere there is money, you will find them. To make cryptocurrencies better for all, we need to focus more on the advantages offered and not try to sabotage the technology. Finally, the source of your post wast highlighted.
|
|
|
|
|
Trading of any kind will always leave us open to looses and most of the losses are due to factors beyond our control. The moment you decide to trade, you should also come to terms with the fact that there is a possibility you might loose all your funds. I like your post because it encourages everyone to be smart in trading. These days, there are a lot of indicators that could help us cut losses and maximize profits, not to mention several useful tools like stoploss and take profit. All in all, just be prepared to handle whatever comes your way in trading and don't stake what you can't afford to loose.
|
|
|
|
|
One would actually never know the true importance of stoploss until you almost loose all your funds. I believe the feature which allows one to take profit is equally as important as the stop loss feature as it can definitely help us to avoid severe losses especially during crash dumps. That is not to say the stoploss feature doesn't have it's negative aspect just like all other trading features as it can prevent one from earning some profit in case of a subsequent rise in price. My true advise is for all traders to remain true to their instinct and avoid greed.
|
|
|
|
|
Show Posts
